In this issue of The Home Agency magazine, I am going to share with you all two separate topics that I am excited about for the future of The Home Agency—Precision Farming and Hemp Insurance. Let’s start with Precision Farming!
For the last two or three years, I have wanted to jump into precision farming technology and use it to better serve our current and future customers. Using the information that precision farming provides to your personal farming operation, will lead to much more accurate information than is provided by the local FSA offices currently. With precision farming, your planter knows exactly how many acres you planted and the date that you planted them on. These may not match up to FSA, but we do not have to match FSA on your planted acres. Something that I have been asking for years is why do you want to pay additional premium when your planted acres are less than FSA? When it comes to harvest time, you want to divide your production by what you actually planted, again, not by what FSA says you planted. Why? Because that only drives your APH down. Come spring, you will hear The Home Agency talking about precision farming a lot. If you are interested in utilizing it, or if you want to get more information on precision farming, please reach out to us.
Advantages of Precision Farming
Faster claim Settlement: Your adjuster utilizes records directly from your precision equipment, reducing the settlement time of claims.
Convenient: Claims utilize planting maps, harvest maps, and calibration reports directly from your precision equipment. It also eliminates the need for settlement sheets, load records, or weight tickets to settle claims.
Efficient: Acreage Reporting and Production Reporting made more efficient. Precision farming technology systems (PFTS) allow the submission of electronic data to your agent without having to leave your home or office. Reports will automatically be created for you and your agent to review, approve, and sign.
Precision Accuracy: Claims and/or review information is considered accurate, consistent, and verified for Crop Insurance Records when they follow the prescribed PFTS procedures.
Actual Acreage/Production: Precision Crop Reporting uses the accurate data you are already collecting to simplify crop insurance reporting by using data from your precision farming equipment, making your acreage and production reporting easier, and claim settlement faster and more accurate. Manual records and maps might include FSA non-farmland acres such as ditches and waterways, potentially reducing your APH, which can affect a field’s coverage level, per-acre guarantee, loss payment, and premiums paid for coverage.
Upload Files with Ease: Easily upload your files from various planter monitor companies! Upload via a cloud connection or from a flash drive directly to your agent. These companies include but are not limited to Climate FieldView™, Trimble Ag Software (Formerly Farm Works), AgFinity® by Ag Leader®, and MyJohnDeere.
At The Home Agency, we look forward to the challenge. So, if you have any questions on precision farming and how it fits into your operation, please give me a call!
Have a good spring and stay safe friends.